Breakdown of share capital

As of December 31, 2017, private individual shareholders held 4.2% of the Group’s share capital. Institutional investors owned 54.6% of the share capital, with 6.4% held by French institutions and 48.2% by investors residing outside France.

Among the international institutional investors, North American- based and UK- based shareholders held 23.1% and 12.0% of the share capital, respectively. Continental European investors (excluding France) held 7.1% of the share capital, including notably Switzerland (1.8%) and Norway (1.5%). Shareholders based in the Asia- Pacific region represented 2.8% of the share capital.